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MyUCR Help > MyUCRHelp > What is an EFC? How is it determined?  

MyUCRHelp: What is an EFC? How is it determined?

Question

What is an EFC? How is it determined?

Answer

When you file the FAFSA (Free Application for Student Financial Aid), the information you report is used in a formula established by the U.S. Congress. The formula determines your Expected Family Contribution, an amount you and your family are expected to contribute toward your education. This amount may not exactly match the amount you and your family end up contributing. The EFC is used in determining need based financial assistance. The financial need is calculated by taking the estimated Cost of Attendance and subtracting the Expected Family Contribution (from the processed FAFSA). The difference is your financial need, or the amount of your financial aid eligibility.

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Created at 2/28/2008 10:04 AM by James Jaennette
Last modified at 2/28/2008 10:04 AM by James Jaennette